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Foundpac, Hock Heng, VisDynamics

TheEdge Wed, Jun 20, 2018 01:20pm - 2 years ago

KUALA LUMPUR (June 20): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s afternoon market close today. One had positive momentum while two traded with negative momentum.

The stock with positive momentum was:

Foundpac Group Bhd - up 0.5 sen at 31.5 sen

Stocks with negative momentum were:

Hock Heng Stone Industries Bhd - unchanged at 44.5 sen

VisDynamics Holdings Bhd - up 3 sen at 50.5 sen

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.

The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

Related Stocks

BURSA 8.420
DFCITY 0.450
STONE 0.030
VIS 0.475


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